Anhui Huamao Textile Balance Sheet Health
Financial Health criteria checks 5/6
Anhui Huamao Textile has a total shareholder equity of CN¥4.5B and total debt of CN¥2.2B, which brings its debt-to-equity ratio to 49.5%. Its total assets and total liabilities are CN¥7.4B and CN¥2.9B respectively. Anhui Huamao Textile's EBIT is CN¥178.8M making its interest coverage ratio -2.9. It has cash and short-term investments of CN¥1.4B.
Key information
49.5%
Debt to equity ratio
CN¥2.21b
Debt
Interest coverage ratio | -2.9x |
Cash | CN¥1.35b |
Equity | CN¥4.47b |
Total liabilities | CN¥2.93b |
Total assets | CN¥7.40b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 000850's short term assets (CN¥3.0B) exceed its short term liabilities (CN¥2.3B).
Long Term Liabilities: 000850's short term assets (CN¥3.0B) exceed its long term liabilities (CN¥633.1M).
Debt to Equity History and Analysis
Debt Level: 000850's net debt to equity ratio (19.2%) is considered satisfactory.
Reducing Debt: 000850's debt to equity ratio has reduced from 60.1% to 49.5% over the past 5 years.
Debt Coverage: 000850's debt is not well covered by operating cash flow (6.8%).
Interest Coverage: 000850 earns more interest than it pays, so coverage of interest payments is not a concern.